A. O. Smith Co. (AOS) to Issue Quarterly Dividend of $0.32 on August 15th

A. O. Smith Co. (NYSE:AOS) announced a quarterly dividend on Monday, July 8th, RTT News reports. Shareholders of record on Wednesday, July 31st will be paid a dividend of 0.32 per share by the industrial products company on Thursday, August 15th. This represents a $1.28 dividend on an annualized basis and a yield of 1.51%. The ex-dividend date is Wednesday, July 31st.

A. O. Smith has increased its dividend by an average of 7.6% per year over the last three years and has increased its dividend every year for the last 30 years. A. O. Smith has a payout ratio of 29.4% indicating that its dividend is sufficiently covered by earnings. Analysts expect A. O. Smith to earn $4.37 per share next year, which means the company should continue to be able to cover its $1.28 annual dividend with an expected future payout ratio of 29.3%.

A. O. Smith Trading Up 2.8 %

Shares of NYSE:AOS opened at $84.50 on Monday. The business has a 50-day moving average price of $83.59 and a 200-day moving average price of $83.87. The stock has a market cap of $12.39 billion, a price-to-earnings ratio of 21.89, a PEG ratio of 2.31 and a beta of 1.15. A. O. Smith has a 52-week low of $64.14 and a 52-week high of $92.44. The company has a quick ratio of 1.07, a current ratio of 1.70 and a debt-to-equity ratio of 0.07.

A. O. Smith (NYSE:AOS) last posted its quarterly earnings results on Tuesday, July 23rd. The industrial products company reported $1.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.07 by ($0.01). The business had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $1 billion. A. O. Smith had a return on equity of 31.04% and a net margin of 14.67%. The business’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same period in the prior year, the business posted $1.01 earnings per share. Equities analysts predict that A. O. Smith will post 4.07 EPS for the current year.

Wall Street Analyst Weigh In

AOS has been the topic of several analyst reports. Stifel Nicolaus raised A. O. Smith from a “hold” rating to a “buy” rating and increased their price target for the stock from $97.00 to $98.00 in a research report on Wednesday, July 24th. Oppenheimer restated a “market perform” rating on shares of A. O. Smith in a research report on Thursday, April 18th. Jefferies Financial Group boosted their target price on shares of A. O. Smith from $85.00 to $90.00 and gave the company a “hold” rating in a research note on Friday, April 12th. Robert W. Baird dropped their price target on shares of A. O. Smith from $92.00 to $90.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 24th. Finally, Citigroup raised their target price on A. O. Smith from $82.00 to $95.00 and gave the company a “neutral” rating in a research report on Monday, April 8th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $89.67.

About A. O. Smith

A. O. Smith Corporation manufactures and markets residential and commercial gas and electric water heaters, boilers, heat pumps, tanks, and water treatment products in North America, China, Europe, and India. The company offers water heaters for residences, restaurants, hotels, office buildings, laundries, car washes, and small businesses; boilers for hospitals, schools, hotels, and other large commercial buildings, as well as homes, apartments, and condominiums; and water treatment products comprising point-of-entry water softeners, well water solutions, and whole-home water filtration products, and point-of-use carbon and reverse osmosis products for residences, restaurants, hotels, and offices.